public finance vs mid-corp

Trying to decide:

Facts- Analyst Level, BB, my understanding is that mid-corp analyst is MM I-Banking, vs Public Finance which is top 3 in geographic region

Questions- Exit Opps? Hours? Pay? B-School Factor?

Thanks

8 Comments
 
iBANKhardI don't know anything about the mid-corp gig at JPM, but if it truly is like i-banking for MM companies, I'd take that over the public finance job,

Public finance is a good career, but exit opps are severely limited.

thanks

 

Public Finance typically has very laid back hours (face time is basically 9-5 at some places) since your clients aren't corporations (ie, in it to profit).

 

Public finance is dealing with municipalities, cities, stuff like that. Mid corporate banking is just one of the tiers JPM has. Some smaller banks would just lump it into corporate banking. Neither are IB and neither will have IB hours, but pay should be decent. The choice is really yours, but PF is pretty cool. Really depends on what you would like to get into. Exit ops will be within the Corp banking space.

 

Modern Day Yuppie, not so fast.

Public finance is not a 9-5 job. Its 8-midnight at the analyst level at the BBs and is is around 9-8 at the mid tier banks. Clients vary from state and city governments, hospitals and utilities cooperatives. It all depends on group placement.

The the exit opportunities are smaller than traditional IB, but they include working for clients, ratings firms, tax exempt funds ect.

Can anyone add some more to the list?

 

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